|Day's Range||1.1000 - 1.1500|
Geo Group (GEO) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The GEO Group announced today the closing of an extension and amendment to its Senior Revolving Credit Facility . The maturity for the amended Revolver has been extended to May 17, 2024.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and optimism towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the first quarter and hedging or reducing many of their […]
Geo Group Inc NYSE:GEOView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for GEO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GEO. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $80 million over the last one-month into ETFs that hold GEO are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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The GEO Group, Inc. is a US$2.6b mid-cap, real estate investment trust (REIT) based in Boca Raton, United States...
The GEO Group, Inc. announced today that it has entered into a contract modification with U.S. Immigration and Customs Enforcement to increase the contract capacity at the company-owned Montgomery Processing Center in Conroe, Texas by 314 beds increasing the Center’s capacity to 1,314 beds.
The GEO Group, Inc. (GEO) (“GEO”) announced today that its subsidiary, The GEO Group Australia Pty Ltd (“GEO Australia”) is currently in negotiation discussions with the State of Victoria to increase the capacity at the Ravenhall Correctional Centre by an additional 300 beds increasing the Centre’s capacity to 1,600 beds. The 300-bed capacity increase is expected to generate incremental annualized revenues of $19 million. The Ravenhall Correctional Centre was developed by a GEO led consortium.
There seems to be no respite from trade conflicts, with a tariff war with Mexico likely this month and deterioration in ties with China.
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